Teladoc ended a two-month search for a new CEO on Monday by tapping a former health insurance executive as its new leader.
The Purchase, New York-based telehealth said it hired Charles "Chuck" Divita III as its CEO effective immediately. Divita previously served as an executive vice president focused on commercial markets for GuideWell, the parent company to health insurer Florida Blue.
Divita also joined Teladoc's board of directors.
Read more: What's next for Teladoc after CEO's departure?
Divita replaces chief financial officer and acting CEO Mala Murthy, who held the role while the company searched for a permanent replacement after parting ways with longtime CEO Jason Gorevic in April.
Gorevic had been with Teladoc since June 2009 and oversaw its growth from a small startup to one of the more well-known digital health companies. The company began trading on New York Stock Exchange in July 2015, one of the first telehealth startups to test the public markets.
Teladoc's stock was trading at $10.46 per share on Monday morning, a slight drop of 1.46% from its opening day price of $10.60 per share.
